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And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. To keep operations and supplychains stable amid the volatility of today’s global trade dynamics, companies need a freight strategy that can flex under pressure. Assembly lines pause. Inventory buffers shrink.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supplychains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
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Limited Transparency A prevalent challenge in supplychain management is the lack of transparency in operations, often leading to operational losses due to disruptions like cargo theft, fuel theft, and rerouting. Failed customer expectations Logistics management software often has difficulties in fulfilling client expectations.
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Regrettably, periods of economic hardship can also witness an increase in cargo theft as criminals exploit potential lapses in security. Actionable Steps to Recession Proof Your SupplyChain Understanding the risks posed by economic downturns is the crucial first step.
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By embracing a pricing mindset that is as agile as the trade policies it responds to, businesses can take full advantage of pricing as a profit lever, increasing resilience in the face of uncertainty. Andrew Butt is founder and CEO of Enable.
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This predictive capability transforms how procurement teams approach sourcing. Rather than isolating regulatory functions within legal or quality teams, organizations are embedding compliance touchpoints across procurement, logistics, and even R&D. Successful importers are rethinking how compliance is managed internally.
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These technologies work together to deliver a unified, digital-first approach to managing medication flow — from procurement to administration. Smart cabinets, pharmacy automation stations and medication workstations integrated with RFID data further enhance safety, speed and auditability. Tim Tinnel is EVP & COO at Intelliguard.
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Source: Exiger) A snapshot of Exigers supplychainvisibility and collaboration platform visualizing a manufacturing clients supplychain assets within the Red Flag Warning zone. Industries across the region are exposed to the wildfires supplychain impact. What Comes Next?
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SupplyChain Finance & Revenue Management SupplyChainVisibility Quality & Metrics Sourcing/Procurement/SRM SupplyChain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! Steve Carpenter is chief operating officer of Creditsafe North America.
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We have taken this proactive measure to safeguard our people, assets, and customers’ cargo in light of increased regional instability." The safety and security of our seafarers and operations are our top priorities," Maersk said in a statement June 20. "We Timely, incisive articles delivered directly to your inbox.
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